PTIN Seal

Educational Tax Benefits

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Educational Tax Benefits
  4. Do payments to my grandchild's tuition reduce the annual gift tax exclusion?

Do payments to my grandchild's tuition reduce the annual gift tax exclusion?

Contributions to your grandson's tuition directly does not reduce the annual gift tax exclusion of $13,000. The gift tax exclusion for paying another's tuition or medical expenses directly is unlimited.

Need Professional Help?

If you need help with "Educational Tax Benefits" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.